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Genmab Achieves Milestone in Arzerra Collaboration
Copenhagen, Denmark; April 19, 2010 – Genmab A/S (OMX: GEN) announced today it has reached a milestone for Arzerra™ (ofatumumab) under the terms of its collaboration with GlaxoSmithKline (GSK). A milestone payment of approximately DKK 87 million (approximately USD 16 million) was triggered by the European Commission’s granting of a conditional marketing authorization for ofatumumab for the treatment of refractory chronic lymphocytic leukemia (CLL).
“This milestone marks an important achievement; the first Genmab antibody to reach the market in Europe,” said Lisa N. Drakeman, Ph.D., Chief Executive Officer of Genmab.
Ofatumumab is a novel human monoclonal antibody with a unique mode of action. It targets a unique part of the CD20 molecule encompassing an epitope in the small loop. The CD20 molecule is a key target in CLL therapy, because it is expressed in most B cell malignancies.
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GlaxoSmithKline Receives Conditional Marketing Authorization in the EU for Arzerra (Ofatumumab)
Copenhagen, Denmark; April 19, 2010 –GlaxoSmithKline (GSK) and Genmab A/S (OMX: GEN) confirmed today that the European Commission (EC) has granted a conditional marketing authorization for Arzerra™ (ofatumumab) for the treatment of refractory chronic lymphocytic leukemia (CLL). Ofatumumab is indicated for the treatment of CLL in patients who are refractory (have not responded) to fludarabine and alemtuzumab. Fludarabine and alemtuzumab are standard therapies currently used to treat CLL.